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Global Semiconductor Manufacturing Equipment Market Outlook 2019-2020 & 2027 - ResearchAndMarkets.com
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Global Semiconductor Manufacturing Equipment market accounted for $56.12 billion in 2019 and is expected to reach $131.20 billion by 2027 growing at a CAGR of 11.2% during the forecast period.
Some of the key factors propelling the market growth include increasing investments in R&D facilities, growing demand for electric and hybrid vehicles, trend of miniaturization and technology migration, and high demand for chips to provide computation power and connectivity for AI applications. However, high purchase and maintenance costs are likely to restraining the market growth.
Semiconductor manufacturing is a difficult process that provides quality assertion of various semiconductor products. This equipment is used in order to safeguard assembling of semiconductor parts, testing of the entire device and wafer fab. It is an important component for car